FHA Loans

Advantages of FHA Loans

  • You can qualify with a lower credit score compared to other loans.
  • Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. For FHA loans, down payment of 3.5 percent is required for maximum financing. Borrowers with credit scores as low as 580 can qualify for an FHA loan.
  • You can buy a home with a down payment as low as 3.5%.
  • If you already have an FHA loan, you can refinance with FHA Streamline to lower your interest rate.
  • You may qualify even if you’ve had financial difficulties in the past, like a bankruptcy or a foreclosure.

The Benefits of Getting a Loan from Sound Home Mortgage

  • We’re an FHA-approved broker and process FHA loans every day.
  • You can pay off your mortgage ahead of time with no penalties.
  • We’re able to get you to closing much faster that the industry standard (usually 21 days vs. 45-60 days).

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